‘Control Fraud’ – Corrupt Bankers Do It, Congress Ignores It

New Economic Perspectives:

The bipartisan shellacking Senators gave John Stumpf, the Wells Fargo CEO, last week made for great television, but did nothing about the real scandal: Our government continues to look the other way as many top bankers thumb their noses at fraud laws.

There is a term for the criminality that infects our biggest banks and damages the economy, and there is a solution to this problem. But there is also an obstacle.

Read more of David Cray Johnston’s post: ‘Control Fraud’ – Corrupt Bankers Do It, Congress Ignores It | Investopedia

Advertisements

One response to “‘Control Fraud’ – Corrupt Bankers Do It, Congress Ignores It

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s